Real Estate
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Real Estate Sales Showing a Strong Uptick in Philadelphia Suburbs
Despite the gloom in recent months, millennial buyers are avoiding this by snapping up properties in various desirable Greater Philadelphia suburbs, writes Houwzer for the Philly Voice. In fact the main driving force behind this is mainly due to millennials and baby boomers wanting to leave the city and settle down in more upscale neighborhoods…
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Philadelphia Suburban Housing Market Extremely Competitive After Spring Shutdowns
After a loss of sales during the spring, the Philadelphia suburban housing market is now in an extremely competitive state, writes Natalie Kostelni for The Philadelphia Business Journal. Along with other non-essential businesses, Gov. Tom Wolf shut down all residential real estate sales in March. However, home sales have risen by 2.5 percent in Montgomery…
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Looking for More Space, Local Home Buyers Opting to Build from Scratch
With an insufficient supply of existing homes and the desire for more space spurred on by the pandemic, local home buyers are now opting to build from scratch, writes Michaelle Bond for The Philadelphia Inquirer. DeLuca Homes, which is currently building several housing developments in the region and plans several more, is seeing a 20…
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Malvern Bank House of the Week: Beautiful, Fully Renovated Colonial Home in Wyncote
A beautiful colonial home with six bedrooms and three and a half bathrooms is available for sale in Wyncote. Nestled on a gorgeous 4.69-acre lot with a lovely pond, the property offers a stunning private setting with plenty of room to roam and enjoy the local flora and fauna. The residence has been completely renovated…
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Upper Merion Approves over 500-home Toll Brothers King of Prussia Development
Upper Merion recently approved over 500 new single family and townhouse homes at the Village at Valley Forge and off Route 202, writes Natalie Kostelni for the Philadelphia Business Journal. Built on seven acres, the Horsham-based Toll Brothers’ new project at the Village at Valley Forge will be called Overlook at Town Center and will…
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Developer Withdraws Plans to Build Townhouses on Historic Whitemarsh Underground Railroad Stop
Developer K. Hovnanian Homes has shelved plans to build 67 townhouses on a Whitemarsh Township farm which once was a significant stop on the Underground Railroad, writes Michaelle Bond for The Philadelphia Inquirer. The developer ended the five-year-old agreement on the sale of the site that is listed on the National Register of Historic Places.…
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Malvern Bank House of the Week: Majestic Georgian Revival Home in Villanova
A majestic Georgian revival home with six bedrooms and four full and two half bathrooms is available for sale in Villanova. Set on a breathtaking 1.7-acre lot, Prescott Hall offers perfectly restored original architectural and structural features combined with all the amenities required by modern living. The residence boasts graciously sized rooms with an open…
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Pillar Real Estate Advisors: Is It Time for You to Find a Private Office?
Many businesses have closed their office doors and opted for a more remote workforce, sending many employees to work from their couches, breakfast tables, and bedrooms. What started as a convenience, however, didn’t take long to turn into a detriment. When you work from home for a length of time, you start to notice your…
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As Pandemic Changes Real Estate Landscape, Anthology Senior Living Optimistic About KofP Location
COVID-19 is altering the real estate landscape and making city density less desirable. This is also causing Anthology Senior Living to be even more optimistic about its King of Prussia location that is currently under construction, writes Tim Mullaney for the Senior Housing News. Due to the pandemic, real estate will “see a lot of…
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Montco Home to Six of the 20 Best Places to Live in Pennsylvania, Including Fifth-Best Place in America
Montgomery County is home to six of the 20 Best Places to Live in Pennsylvania, according to new rankings recently published by Niche.com. Niche.com ranked places based on several key factors, including the cost of living, quality of local schools, employment rates, crime statistics, and housing trends, among many others. Penn Wynne, with a population…
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Malvern Bank House of the Week: Private Oasis in Jenkintown
A gorgeous colonial-style home with four bedrooms and two full and three half bathrooms is available for sale in Jenkintown. The home is set on a stunning 1.09-acre lot complete with an enchanting garden and beautiful flora that make for dazzling views throughout the house. The many highlights include the spacious dining room with fireplace,…
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COVID-19 Expected to Have Long-Term Effects on Suburban Housing Prices
The coronavirus pandemic is expected to shape housing prices in the Philadelphia region for a long time to come, with the suburban market poised to boom again as a result, writes Sandy Smith for the Philadelphia Magazine. The real estate market overall is expected to stay strong despite the rocky economy. With homes now becoming…
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Malvern Bank House of the Week: Stunning Contemporary in Narberth
A stunning contemporary home with five bedrooms and four and a half bathrooms is available for sale in Narberth. The residence is set on a beautiful 0.95-acre wooded lot that offers tranquility and highly coveted privacy. The many highlights inside include a foyer with marble floors, the large eat-in kitchen with granite countertops, an island…
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Sale of Exton Property the Largest Standalone Industrial Investment in Philly Suburbs This Year
Angelo Gordon & Co. paid $47.53 million for a 423,217-square-foot Exton building that will be USSC Group’s headquarters and manufacturing operations center, writes Natalie Kostelni for the Philadelphia Business Journal. The New York City-based real estate investment firm purchased the property at 101 Gordon Drive from a partnership involving Goodman Properties and E. Kahn Development.…
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Malvern Bank House of the Week: Stunning Georgian-Style Colonial in Bryn Mawr
A stunning Georgian-style colonial home with eight bedrooms and nine full and five half bathrooms is available for sale in Bryn Mawr. The home is nestled on a magnificent 5.8-acre lot with gorgeous hardscaping and landscaping. Wonderful nature vistas can be enjoyed from within the home as well as serene outdoor patios and the in-ground…
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Suburban Office Market Seeing New Trends Emerging, Deals are Still Being Made
Despite the pandemic, the suburban office market is seeing new long-term deals finalized and new trends emerging that are pushing Center City companies to seek out short-term space for satellite offices in the suburbs, writes Natalie Kostelni for the Philadelphia Business Journal. These satellite offices give employees an alternative workspace which helps them avoid using…
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Jenkintown-Based Galman Group Reaches First Milestone of $30M Renovation Plan for Apartment Complexes in Delaware
Jenkintown-based Galman Group completed the first phase of its $30 million renovation plan for the once struggling apartment complexes in Delaware, writes Michelle Caffrey for the Philadelphia Business Journal. The group bought two apartment communities near the University of Delaware for $41 million. At the time, the Lehigh Flats and Thorn Flats complexes were 75…
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Malvern Bank House of the Week: Upscale Country Living in Harleysville
A beautiful ranch home with four bedrooms and three full and two half bathrooms is available for sale in Harleysville. Circle T Ranch spans 12.55 stunning acres and offers the highly coveted privacy of upscale country living while also being just a short distance from the hustle and bustle of Philadelphia. The spacious home boasts…
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